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10. What happens if to the output per worker if there is a large increase in the human capital but no change in the nominal

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10. What happens if to the output per worker if there is a large increase in the human capital but no change in the nominal wage? A) increase and the real wage will increase B) increase and the real wage will decrease C) decrease and real wage will remain unchanged D) decrease and the real wage will decrease E) decrease and the real wage will increase 11. Economic growth would LEAST likely happen if the following happened A) Increase in the labor force participation rate B) Tax credit for technology improvement C) Investment in training of labor D) Investment in tools and machines E) Increase in consumption of nondurable goods 12. If an economy is in recession which would be the best combination to help A) Monetary policy sell bonds; Fiscal policy reduce taxes B) Monetary policy no change; Fiscal policy raise taxes C) Monetary policy buy bonds; Fiscal policy reduce spending D) Monetary policy buy bonds; Fiscal policy no change E) Monetary policy sell bonds: Fiscal policy raise taxes

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